{"id":7995,"date":"2014-04-18T08:46:59","date_gmt":"2014-04-18T15:46:59","guid":{"rendered":"http:\/\/www.tradingheroes.com\/?p=7995"},"modified":"2022-08-11T22:20:32","modified_gmt":"2022-08-12T05:20:32","slug":"ttl-0015-trading-for-a-living-risking-only-8-to-12-pips-per-trade-kim-krompass","status":"publish","type":"post","link":"https:\/\/www.tradingheroes.com\/ttl-0015-trading-for-a-living-risking-only-8-to-12-pips-per-trade-kim-krompass\/","title":{"rendered":"Kim Krompass: Trading For A Living Risking Only 8 To 12 Pips Per Trade \/\/ EP15"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-8550\" src=\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/kim-krompass-forex-trader.jpg\" alt=\"kim-krompass-forex-trader\" width=\"150\" height=\"150\" \/>In this episode of the Trading Lifestyle Podcast, I was fortunate to be able to sit down with Kim Krompass and learn about her journey to becoming a professional independent trader.\u00a0I met Kim through the Meetup group that I started here in the San Francisco Bay Area.<\/p>\n<p>The one time that we talked in person at a meetup was very brief, so I was happy when she agreed to be interviewed for this podcast.<\/p>\n<p>She has taken an interesting route to becoming a trader. Just like many people who come to trading, she was very successful in another area before she began to learn to trade.<\/p>\n<p>Unlike other traders however, she was profitable from the very beginning.\u00a0She will go into what strategy she was using in the interview.\u00a0 But needless to say, it stopped working during the 2008 crash and she had to do a lot of soul searching to figure out if she really wanted to continue to be a trader or not.<\/p>\n<p>Since her bread-and-butter strategy was not working anymore, she had to figure out a better way to trade and she found some mentors and coaches to help her get back on track.\u00a0What resulted was a strategy where she doesn't use any indicators an takes very small losses, as little as 8 pips for certain pairs.<\/p>\n<p>We also got to talking about what she does for fun outside of trading, why she doesn't usually hang out with other traders and what fine wine has to do with anything.\u00a0This is a very informative and no-nonsense interview that covers a wide variety of topics, so I hope you enjoy it!<\/p>\n<h2>In This Episode<\/h2>\n<ul>\n<li>Why she was a profitable trader from the beginning<\/li>\n<li>What is Kim's strongest trading trait<\/li>\n<li>Her strong opinion on demo trading and backtesting<\/li>\n<li>Find out her daily routine<\/li>\n<li>How she made a fortune and lost a lot of it<\/li>\n<li>Learn about two of her most successful students<\/li>\n<li>Why the spread on the Mexican Peso might not be as scary as you think<\/li>\n<\/ul>\n<h2>Click Play To Listen To The Interview<\/h2>\n<div align=\"center\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/zF5VQEO10qA?rel=0&showinfo=0\" width=\"853\" height=\"480\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<h2>Resources Mentioned<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.priceactiontradersinstitute.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Price Action Traders Institute <\/a><\/li>\n<li><a href=\"https:\/\/www.nationalfutures.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">John Person<\/a> &#8211; National Futures<\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Paul_Tudor_Jones\" target=\"_blank\" rel=\"noopener noreferrer\">Paul Tudor Jones <\/a>&#8211; Famous trader<\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Richard_Dennis\" target=\"_blank\" rel=\"noopener noreferrer\">Turtle Traders<\/a> &#8211; A famous trend following trading experiment<\/li>\n<li><a href=\"https:\/\/www.michaelcovel.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Michael Covel<\/a> &#8211; Trend following researcher, author and speaker.\u00a0 Great <a href=\"https:\/\/www.trendfollowing.com\/podcasts\/\" target=\"_blank\" rel=\"noopener noreferrer\">podcast<\/a> too.<\/li>\n<li>The <a href=\"https:\/\/www.tradingheroes.com\/how-carry-trade-works\/\" target=\"_blank\" rel=\"noopener noreferrer\">Carry Trade<\/a> explained<\/li>\n<li><a href=\"https:\/\/www.techsmith.com\/jing.html\" target=\"_blank\" rel=\"noopener noreferrer\">Jing<\/a> &#8211; Screenshot software<\/li>\n<li><a href=\"https:\/\/twitter.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a> &#8211; What Kim uses to broadcast her trading and socialize with other traders<\/li>\n<li><a href=\"https:\/\/bitly.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bitly<\/a> &#8211; Shorten links to share online<\/li>\n<li>Notebook &#8211; For recording trade entries<\/li>\n<\/ul>\n<h2>Other Ways To Get The Trading Lifestyle Podcast<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.tradingheroes.com\/itunes\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to subscribe via iTunes<\/a> (if you like it, a five-star review on iTunes is greatly appreciated!)<\/li>\n<li><a href=\"https:\/\/www.tradingheroes.com\/podcast_rss\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to subscribe via RSS<\/a> (non-iTunes feed)<\/li>\n<li><a href=\"https:\/\/www.tradingheroes.com\/category\/podcast\/\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to hear the other podcast episodes<\/a><\/li>\n<\/ul>\n<p>What did you think of this episode?\u00a0 Let us know in the comments below&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is it really possible to only risk 8 to 12 pips per trade and trade for a living? This is actually pretty common for Kim Krompass.  She is one of the only traders that I spoke to that was actually successful from the beginning. But then something terrible happened. <\/p>\n","protected":false},"author":2022,"featured_media":1020841,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[610],"tags":[911],"class_list":["post-7995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcast","tag-trader-success-stories","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kim Krompass: Trading For A Living Risking Only 8 To 12 Pips Per Trade \/\/ EP15 - Trading Heroes<\/title>\n<meta name=\"description\" content=\"Learn how pro Forex trader Kim Krompass trades for a living and what she recommends to traders who are just learning how to trade.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradingheroes.com\/ttl-0015-trading-for-a-living-risking-only-8-to-12-pips-per-trade-kim-krompass\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kim Krompass: Trading For A Living Risking Only 8 To 12 Pips Per Trade \/\/ EP15 - Trading Heroes\" \/>\n<meta property=\"og:description\" content=\"Learn how pro Forex trader Kim Krompass trades for a living and what she recommends to traders who are just learning how to trade.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradingheroes.com\/ttl-0015-trading-for-a-living-risking-only-8-to-12-pips-per-trade-kim-krompass\/\" \/>\n<meta property=\"og:site_name\" content=\"Trading Heroes\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tradingheroes\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-18T15:46:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-12T05:20:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/maxresdefault-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hugh Kimura\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@tradingheroes\" \/>\n<meta name=\"twitter:site\" content=\"@tradingheroes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Kim Krompass: Trading For A Living Risking Only 8 To 12 Pips Per Trade \/\/ EP15 - 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